FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.
Goldman Sachs Sells GreenSky Platform and Loan Assets
Goldman Sachs Sells GreenSky Platform and Loan Assets
October 11, 2023  |  Fintech Investments

Goldman Sachs has announced the sale of its GreenSky platform and associated loan assets to a consortium of institutional investors led by global investment firm Sixth Street....

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Shared Digital Wallet Developer Braid Shuts Down After Four Years
Shared Digital Wallet Developer Braid Shuts Down After Four Years
October 10, 2023  |  Mobile Wallets

A founder of Braid, a consumer payments startup, announced the company’s closure, marking the end of its four-year journey to expand the use of shared...

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Sopra Banking Software Launches AI-Enabled Core Banking System
Sopra Banking Software Launches AI-Enabled Core Banking System
October 10, 2023  |  Banking

Sopra Banking Software (SBS) has launched its artificial intelligence (AI)-enabled core banking system, the SBP Core Platform. The cloud-native platform harnesses the power of cloud technologies...

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Verifone Appoints Fiserv Executive Himanshu Patel as New CEO
Verifone Appoints Fiserv Executive Himanshu Patel as New CEO
October 10, 2023  |  Personnel

Verifone appointed Fiserv executive Himanshu Patel as its new CEO effective Nov. 1. Patel succeeds Mike Kohlsdorf, who has been CEO since August, the global...

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Report: PayU Indian IPO Could Value Company at $7 Billion
Report: PayU Indian IPO Could Value Company at $7 Billion
October 10, 2023  |  IPO

Payments company PayU is reportedly planning to go public in India next year. As Reuters reported Tuesday (Oct. 10), PayU plans to seek regulatory approval in February for...

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CFPB Director Calls for Stronger Data Protections
CFPB Director Calls for Stronger Data Protections
October 06, 2023  |  CFPB

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), has reportedly expressed concerns about the potential risks posed by payment systems that enable excessive surveillance and...

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Vlorish Launches All-in-One Finance Platform for Freelancers
Vlorish Launches All-in-One Finance Platform for Freelancers
October 06, 2023  |  Gig Economy

FinTech startup Vlorish launched its freelancer finance platform, aiming to simplify bookkeeping, budgeting and credit scoring models for the freelance market. The all-in-one web platform...

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FinTech IPO Index Slides 3% as Affirm and Blend Lead Declining Stocks
FinTech IPO Index Slides 3% as Affirm and Blend Lead Declining Stocks
October 06, 2023  |  Fintech Investments

The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter. Affirm led declining...

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Citi Analyst Downgrades Paymentus Holdings Due to Stock’s Gains
Citi Analyst Downgrades Paymentus Holdings Due to Stock’s Gains
October 05, 2023  |  Stock Index

Paymentus Holdings stock retreated 4% Thursday (Oct. 5) after being downgraded to Neutral by Citi analyst Ashwin Shirvaikar. This downgrade was primarily driven by the stock’s substantial gains this...

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